Mo’ money

These Texas billionaires bank spots on Forbes' list of richest Americans in 2020

These Texas billionaires bank spots on Forbes' richest Americans list

Michael Dell headshot
Michael Dell remains the richest person in Austin. Photo by Justin Sullivan/Getty Images

Dozens of wealthiest people in the country live in Texas, which now boasts 32 billionaires on the 2020 edition of the Forbes 400, a ranking of the 400 richest Americans.

Walmart heiress Alice Walton of Fort Worth retained her status as the richest Texan and America’s richest woman, with a net worth estimated this year at $62.3 billion. That compares with $51.4 billion in 2019. She moved up from No. 11 last year to No. 10 this year in the Forbes ranking of the richest Americans.

From 2019 to 2020, Walton’s net worth jumped by $10.9 billion. To give you an idea of how much money that is, the size of the economy in Africa’s Republic of Congo totaled $10.8 billion in 2019. Walton’s entire net worth is slightly more than the size of the Costa Rican economy (nearly $61.8 billion in 2019).

Taking second place is Austin-based Michael Dell, whose net worth soared by $3.3 billion in just the past year to $35.6 billion. That makes him the richest Austin resident and the 18th richest American.

"Pandemic be damned: America’s 400 richest are worth a record $3.2 trillion, up $240 billion from a year ago, aided by a stock market that has defied the virus," Forbes writes.

Here’s the regional breakdown for Texas’ remaining Forbes 400 billionaires.

Austin

  • Michael Dell, tech magnate — $35.6 billion, No. 18. Last year: $32.3 billion.
  • Robert Smith, private equity entrepreneur — $6.2 billion, No. 125. Last year: $5 billion.
  • Bert “Tito” Beveridge, vodka tycoon  — $4.6 billion, No. 154. Last year: $4.2 billion.
  • Thai Lee, tech entrepreneur  — $3.1 billion, No. 268. Last year: $3 billion.
  • Joe Liemandt, software entrepreneur  — $3 billion, No. 278. Last year: $3 billion.
  • John Paul DeJoria, hair care and tequila mogul  — $2.7 billion, No. 319. Last year: $3.1 billion.
  • Jim Breyer, venture capitalist  — $2.4 billion, No. 353. Last year: $2.5 billion. (Breyer recently relocated from Silicon Valley to Austin).
  • Brian Sheth, private equity entrepreneur  — $2.3 billion, No. 359. Last year: $2.2 billion.

Dallas-Fort Worth

  • Dallas Cowboys owner Jerry Jones — $8.6 billion, No. 56. Last year: $8.6 billion.
  • Dallas banker and real estate investor Andy Beal — $7.6 billion, No. 67. Last year: $9.8 billion.
  • Fort Worth oil and gas heir Robert Bass — $4.8 billion, No. 139. Last year: $4.9 billion.
  • Dallas oil and gas heir Ray Lee Hunt — $4.6 billion, No. 154. Last year: $5.2 billion.
  • Dallas Mavericks owner Mark Cuban — $4.2 billion, No. 177. Last year:  $4.1 billion.
  • Margot Birmingham Perot, widow of Dallas tech entrepreneur Ross Perot — $4 billion, No. 186. Last year: $4.2 billion.
  • Fort Worth private equity titan David Bonderman — $4 billion, No. 186. Last year: $3.7 billion.
  • Omni Hotels and Gold’s Gym king Robert Rowling of Dallas — $3.9 billion, No. 197. Last year: $5.5 billion.
  • Oil and gas chief Trevor Rees-Jones of Dallas — $3.5 billion, No. 228. Last year: $3.7 billion.
  • Dallas pipeline executive Kelcy Warren — $2.8 billion, No. 299. Last year: $4.3 billion.
  • Dallas real estate honcho H. Ross Perot Jr. — $2.5 billion, No. 339. Last year: $2.2 billion.
  • Fort Worth oil heir Sid Bass — $2.3 billion, No. 359. Last year: $3.1 billion.
  • Dallas banker Gerald Ford — $2.1 billion, No. 391. Last year: $2.3 billion.

Houston

  • Houston pipeline mogul Richard Kinder — $6.2 billion, No. 103. Last year: $7.5 billion.
  • Pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz and Randa Duncan Williams — $4.8 billion each, No. 139. Last year: $6.3 billion.
  • Houston Rockets owner and restaurant kingpin Tilman Fertitta — $4.1 billion, No. 181. Last year: $4.9 billion.
  • Toyota titan Dan Friedkin of Houston — $4.1 billion, No. 181. Last year: $4 billion.
  • Houston Texans co-founder Janice McNair — $3.9 billion, No. 197. Last year: $4 billion.
  • Houston energy executive Jeffery Hildebrand — $3.6 billion, No. 222. Last year: $3.8 billion.
  • Former hedge fund manager John Arnold of Houston — $3.3 billion, No. 249. Last year: $3.3 billion.

Elsewhere in Texas

  • Walmart heiress Ann Walton Kroenke — $8.4 billion, No. 58. Last year: $7.5 billion.
  • Real estate, sports, and entertainment big shot Stan Kroenke — $8.3 billion, No. 59. Last year: $9.7 billion. (The Kroenkes live on a massive ranch near the North Texas town of Vernon.)
  • Investor and former grocery distributor Drayton McLane Jr. of Temple — $2.8 billion, No. 299. Last year: $2.6 billion. McLane is former owner of the Houston Astros.
  • Hearing-aid mogul Bill Austin of Brownsville — $2.2 billion, No. 378. Last year: $2.4 billion.